Birla Corporation Limited has Received Order from Deputy Commissioner, State Tax, Patna, Bihar Pertaining to GST

Birla Corporation Limited has received an Order dated 29 August, 2024 passed by the Deputy Commissioner, State Tax, Patna, Bihar pertaining to GST. Order passed confirming the demand pertaining to short payment of tax as per GSTR-9C vis-a-vis outward register, wrong availment of blocked ITC taken in GSTR-3B and excess ITC availed on account of wrong reversal of ITC, for the period from April, 2019-March, 2020. Disputed Amount is GST is INR 11,918,322; Interest is INR 9,117,515; Penalty is INR 1,191,833.

Demand order raised alleging irregular/wrong availment of blocked ITC in GSTR-3B u/s 17(5) of CGST/BGST Act, 2017, short payment of tax and excess availment of ITC because of wrong ITC reversal for the period from April, 2019-March, 2020. The Company believes that the above order is not sustainable and hence is in the process of filing Appeal against the said order.